"The 1970s delivered two important messages. First, we can’t get a permanent reduction in unemployment by inflating. It doesn’t work. And second, we’ve got to worry about inflation even with unemployed resources. Waiting until we see a clear and present danger is too late."
Talking to Ardis Hoven, the leader of the country's largest doctor group, about the looming doctor shortage, how she and others will "teach" new patients to use their health insurance and what role physicians play in team-based health care. What follows is a transcript of our discussion, lightly edited for clarity and content: